Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order brings most of the provisions of subpart 7 of Part 1 of the Regulatory Systems (Commercial Matters) Amendment Act 2017 into force on 9 August 2017.

The provisions are amendments to the Financial Markets Conduct Act 2013. The amendments address issues identified during the implementation of that Act and will help to ensure that the policy of the Act is efficiently and effectively achieved with minimum compliance costs.

The remaining provisions of subpart 7 will be brought into force at a later date.